Fat and UCO Exports Up from August, Trail 2022
The overall tone of the market was very quiet today but there was trading done at lower prices. Lower...
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November STEO Implies Growing RIN Surplus
The RFS renewable volume obligations (RVOs) issued by the EPA provide percentage standards that are applied to the initial forecast available at that time. The percentage standards translate into volumes based on the estimated consumption forecast. The actual RVOs only become known over time but use the same percentage standards applied to the original estimated volumes.
Reviewing the November STEO and applying the appropriate percentage standards, 2023 gasoline consumption has fallen from the original estimate and has lowered the implied ethanol mandate...
